BJ Services net climbs 30%, but misses view on mild winter

LONDON (MarketWatch) -- BJ Services
BJS, +0.00%
said fiscal first-quarter net income rose 30% to $207 million, or 70 cents a share, with revenue up 24% to $1.18 billion. The Houston oil services firm said results missed expectations due to lower-than-forecast activity in North America on mild winter conditions as well as declining natural gas prices. Analysts polled by Thomson First Call expected earnings of 76 cents a share on revenue of $1.25 billion. It expects second-quarter earnings between 73 cents and 75 cents a share, compared to analyst estimates of 78 cents a share.

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